Description
General Description
Restaurant serving Chinese cuisine including dim sim entrees, long / short soups, seafood stir fries, fried rice / noodles, black pepper steak / lamb, roast duck. -Spacious dining area suitable for family, corporate or private events. – Also includes karaoke facilities and separate bar for drinks. – Full kitchen – Seats 80 inside. – Licenced – Sizeable takeaway and delivery business partnering with Menulog.
Potential
Could open for lunch – Introduce Yum Cha menu for lunch – Push events and catering sales
Features
Limited competition – Loyal and consistent clientele – Restaurant can cater to group events such as karaoke & singing facilities – Full bar and liquor licence
Premises
Recently renovated premises with an area of 200 sq.mts.
Location
Prime location near busy street and popular tourist beach in Eastern Suburbs.
Suburb
Bondi Beach (Hidden)
Trading Hours
7 days – Mon. – Sun. – 5:00 p.m. – 11:00 p.m.
Lease
Current lease expires Nov. 2019 + 5 years option. – 4% annual increases. – 6 months bond.
Sale Reason
Family reasons
Employees
1 owner + 1 fulltimer + 5 casuals
Comments
Misc.- 1 – Eftpos merchant facility fee. – Genuine opportunity. – Vendor will consider selling a share of the business without landlord approval. – May suit someone looking for their first business.
| Figure Display Type | Regular |
| Weekly Takings | $14,000 |
| Cost of Goods | $3,500 |
| Gross Profit | $10,500 |
| Rent | $3,000 |
| Outgoings | $ |
| Wages | $2,900 |
| Telephone | $40 |
| Insurance | $40 |
| Electricity | $200 |
| Gas | $190 |
| Misc 1 | $40 |
| Misc 2 | $90 |
| Total Expenses | $6,500 |
| Nett Profit | $4,000 |
| Price | $250,000 |
| Estimated Stock | $3000 |
| (Additional) | |
| Equipment | $ |
| (Included) | |
| Residence | 0 |
| Premium | no |
| Undisclosed | no |
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